Kuzma Foods, Inc. has budgeted sales for June and July at
$670,000.00 and $720,000.00, respectively. Sales are 80% credit,
of which 60% is collected in the month of sale and 40%
is collected in the following month. What is the budgeted
Accounts Receivable balance on July 31?
A. $230,400.00
B. $288,000.00
C. $214,400.00
D. $576,000.00
2)
Camellia, a merchandising company, has provided the following
extracts from their budget for the first quarter of the
forthcoming year:
Jan
Feb
March
Sales...